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CGD EUROPE

Registered charity 1157318 · accounts filings on the Charity Commission register

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Latest income
£7.8m
Latest spending
£7.9m
Registered
2014
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that CGD Europe reported a net deficit of £151,348 for the year ended 31 December 2024, driven by the recognition of restricted income received in advance. However, the charity holds total unrestricted funds of £3,589,361, which exceeds its stated reserves policy target of £293,174–£390,899, indicating strong liquidity. The trustees confirm adequate resources to continue in operational existence for the foreseeable future.

What the accounts disclose

Reserves policy: 3-4 months of future unrestricted expenditure (£293,174-£390,899) (held: £3.6m)
“The trustees have set a current target of 3-4 months of future unrestricted expenditure (£293,174-£390,899).”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Income from parent charity
“During the year, income of £440,484 (2023: £809,365) was received from CGD, made up of £32,627 (2023: £315,740) restricted funds and £407,857 (2023: £493,625) unrestricted excluding £56,117 gift in kind (2023: £64,324). Debtors related to CGD were £2,912 (2023: £125,478) at the yearend. During the year, the Charity awarded grants of £866,825 (2023: £829,072) to CGD.” — page 30
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Sayer Vincent LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£7.8m
Total spending
£7.9m
Cost of raising funds
£152k
Reserves (reported)
£693k
Employees
41

Reported reserves equal ~1.1 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Argentina · Bangladesh · Ethiopia · France · Ghana · India · Ireland · Kenya · Mexico · Netherlands · Nigeria · Norway

Income and spending

Financial year endIncomeSpending
31/12/2024£7.8m£7.9m
31/12/2023£6.1m£6.8m
31/12/2022£10.3m£7.4m
31/12/2021£5.8m£6.4m
31/12/2020£8.3m£5.5m

Common questions

Is CGD EUROPE financially healthy?

The accounts state that CGD Europe reported a net deficit of £151,348 for the year ended 31 December 2024, driven by the recognition of restricted income received in advance. However, the charity holds total unrestricted funds of £3,589,361, which exceeds its stated reserves policy target of £293,174–£390,899, indicating strong liquidity. The trustees confirm adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Sayer Vincent LLP.